Bahrain-based Islamic investment house Tharawat plans to launch in the third quarter a $50-$60 million private equity fund investing in a Saudi Arabia real estate project - The Emirates Business is reporting.

A strategic investor has pledged $30 million to the fund which will invest in an industrial estate in Riyadh. Tharawat is also looking to set up by the end of this year 2-3 more funds investing in Saudi Arabia's property market

Tharawat was established in July 2008 with a paid-up capital of $33 million. To see more investment firms like Tharawat check our investors directory